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What M&A trends will transform the 2024 insurance landscape?
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
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Canada | Publication | May 7, 2020 - 11 AM ET
The Alberta Energy Regulator (AER) recently provided important clarification on two ministerial orders that suspended a number of reporting requirements applicable to the oil and gas industry. Updates on Alberta Energy ministerial order 219/2020 and Alberta Environment and Parks (AEP) ministerial order 17/2020 can be found here and here, respectively.
The AER confirmed that despite the temporary suspension of various reporting requirements under regulatory approvals issued under the Environmental Protection and Enhancement Act, the Water Act and the Public Lands Act, the following reporting requirements continue to apply to operations regulated by the AER:
Alberta Energy ministerial order 219/2020 temporarily suspended various requirements under the Oil and Gas Conservation Act to the extent necessary to comply with applicable Public Health Act orders. The AER has clarified that the following AER requirements are temporarily suspended:
Industry must continue to record and retain complete documentation and make such documentation available to the AER upon request.
It is important to note the above AER clarifications apply only to AER regulatory requirements. Environmental permits and reporting requirements administered by AEP are not affected.
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It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
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The ongoing conflicts and further geopolitical tensions in Eastern Europe and the Middle East, coupled with upcoming elections in a number of key countries including the US and the UK, make 2024 challenging to predict what impact this will have on the insurance sector.
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On 6 September 2022, the European Commission (EC) prohibited Illumina’s acquisition of Grail, bringing to an end the administrative stage of a legal saga that has attracted interest beyond competition law specialists.
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